Tariffs on Vietnamese Goods Over Currency Averted
The Treasury Department and the State Bank of Vietnam announced July 19 that they have “reached agreement to address Treasury’s concerns about Vietnam’s currency practices as described in Treasury’s Report to Congress on the Macroeconomic and Foreign Exchange Policies of…
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Major Trading Partners of the United States.” While the news release does not explicitly say this resolves the Section 301 investigation over currency at the U.S. Trade Representative, it does say, “Treasury will inform other U.S. government agencies that it has reached agreement with the SBV to address Treasury’s concerns about Vietnam’s currency practices.”